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Specialism/USP Development finance loans up to £50m
Charges 1st
FCA Regulated No
Interest Range Bridging from 0.6% pcm, development finance from 7.5% pa
Base Rate/LIBOR (floor rate N/A if applicable)
Security Types Residential, commercial, investment, development
Unacceptable Security Types Owner-occupied property
Treatment of Interest – rolled, Rolled, retained, serviced (typically rolled) retained, serviced
Max LTV 70% residential, 65% non-residential
Max Loan to GDV 70%
Max Loan to Cost 90%
Min/Max Loan Term Up to 24 months (longer terms considered on a case-by-case basis)
Min/Max Loan Size £1m-£50m
Geographical Lending Area England and Wales
New Builds Yes
Refurbishment Yes
Conversions Yes
Grade Listed Buildings Yes
Mixed Schemes Yes
Planning Permission Needed No (provided existing habitable structure exists)
Commission Rate Negotiable
Associations NACFB, AOBP
Early Redemption Charges Minimum interest charged on a case-by-case basis (typically a % of the total estimated interest owing)
Investment Yes
Owner-occupied No
Interest-only Options Yes
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